Financial Advisor Salary in Springfield, OH: $86,387 (2026)
Quick Answer:A full-time financial advisor in Springfield, OH earns a median $86,387/year (≈ $41.54/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Springfield's price level (9% below national, BEA RPP 90.7), that paycheck buys what $95,245 would nationally. Nominal pay sits 0.9% above the Ohio state average.
Based on BLS state-level estimates · View source
In Springfield, Ohio, the financial advisor salary is projected to reach a median of $86,387 in 2026. This figure reflects local estimates derived from 2025 BLS data adjusted for regional cost fluctuations. Financial advisors in this city can expect to earn between $50,105 at the 10th percentile and $133,900 at the 90th percentile. The opportunity for independent advisors is significant as many seek to optimize their long-term compensation by moving away from traditional wirehouse structures. With an anticipated annual growth rate of 3.30%, the Springfield job market is showing promise for those entering the field of financial planning.
About the Springfield Market
Salary estimated from Ohio average ($95,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $50,105 | $24.09 |
| Lower Range (P25) | $62,198 | $29.91 |
| Median (P50)(typical) | $86,387 | $41.54 |
| Upper Range (P75) | $110,575 | $53.16 |
| Top Earners (P90) | $133,900 | $64.38 |
Median Salary Position
20.41% below the national average
2026 Salary Percentile Distribution in Springfield
In Springfield, OH, the financial advisor salary spread from the 10th to 90th percentile is $83,795 (2026 est.). At $86,387, the local median is 20.41% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Springfield: You'd be in the lower-middle range
How Springfield Financial Advisor Pay Compares
Springfield median: $86,387/year (2026)
| Compared To | Median Salary | Springfield Pays |
|---|---|---|
| Ohio Average | $85,616 | +0.90% more |
| National Average | $108,537 | -20.41% less |
Financial Advisors in Springfield, OH earn a median of $86,387 per year (2026 est.), which is 20.41% lower than the national median of $108,537 and 0.90% above the Ohio state average of $85,616.
Cost-of-Living Adjusted Salary
Springfield has a cost of living 9.30% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Springfield, OH has a cost-of-living index of 90.7 (below the national average of 100). A financial advisor earning $86,387 nominally has purchasing power equivalent to $95,245 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$44,830
2025 BLS Actual
$83,627
2026 Current Est.
$86,387
2019–2027 Growth
+99.1%
Salary Trajectory for Financial Advisors in Springfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $44,830 | Actual |
| 2020 | $71,099 | Actual |
| 2021 | $60,110 | Actual |
| 2022 | $75,923 | Actual |
| 2023 | $64,890 | Actual |
| 2024 | $86,931 | Actual |
| 2025 | $83,627 | Actual |
| 2026(current) | $86,387 | Estimated |
| 2027 | $89,237 | Projected |
Based on 7 years of BLS OEWS data for the Springfield metropolitan area, the median financial advisor salary grew 86.5% from $44,830 (2019) to $83,627 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $89,237 by 2027 — a total increase of $44,407 (99.06%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Springfield metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $50,105 – $62,198 |
| 3-5 years (Mid Career) | $62,198 – $86,387 |
| 5+ years (Experienced) | $86,387 – $110,575 |
| 10+ years (Top Earner) | $110,575 – $133,900 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Springfield
While there are only eight financial advisors currently employed in the area, the lower cost of living in Springfield (with a cost-of-living index of 90.7) enhances the purchasing power of their earnings. Major players in the region include wirehouses such as Morgan Stanley and Merrill Lynch, as well as independent broker-dealers like LPL and Raymond James, each with varying compensation structures that impact financial advisor pay in Springfield, OH. The pay disparity can largely be attributed to factors such as assets under management, fee structures, and the high net worth concentration of clientele. Advisors looking to maximize their compensation should consider obtaining credentials such as the CFP or CFA, which can elevate their status and earnings potential. Additionally, those who target affluent clients or develop a strong commission-based book of business can significantly enhance their overall income.
More salary data for Springfield, OH:
Frequently Asked Questions
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $83,627 for financial advisorsin the Springfield metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Springfield is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov